Automakers are facing a dilemma as supply chains disruption and commodity prices worsen due to the Russia-Ukraine war. US President Joe Biden is expected to announce new sanctions against Russia during his trip to NATO headquarter, Brussels. More on those stories in our top headlines.
Supply chain uncertainty saddles auto component firms with inventory
Amid supply chain disruption and skyrocketing commodity prices that have been worsened by the Russian invasion of Ukraine, automotive (auto) component makers are staring at a dilemma they haven’t faced in some years. Most have seen the inventory of raw materials and finished goods increase.